Vector Error Correction Model (VECM)
Estimating Demand for Nutrients in Nigeria: A Vector Error Correction Model
... This article is designed to investigate the existence of relationship between daily per capita demand for nutrients (calorie, protein, and animal fat intake) and economic growth indicator measured by per capita real ...
26
Implications of Oil Price Shocks for Monetary Policy in Ghana: A Vector Error Correction Model
... Following the lag order selection, we proceed to the cointegration analysis which is performed by specifying an intercept with no trend for the cointegrating equations. The cointegration test as reported in the Table 3a ...
21
Vector Error Correction Model for Forecasting Real Output Using Monetary Policy Transmission Channel Variables for Nigeria
... Based on the results, it could be concluded that the vector error correction model VECM generated can produce a good fit or forecast for the Nigerian real output. Also, an increase in money ...
8
Financial Cointegration and the Vector Error Correction Model: The Case of MENA Countries
... The vector error correction model (VECM) model combines long-term cointegration modeling with short-term dynamics to determine equilibrium return ...
9
The Effect of Macroeconomic Variables on the Capital Structure Decisions of Indian Firms: A Vector Error Correction Model/ Vector Autoregressive Approach
... the vector error correction model (VECM)/vector autoregressive model (VAR), in context to the equity market timing ...basic model used in the ...
11
Exchange Rate Pass through in Nigeria: Evidence from a Vector Error Correction Model
... This paper investigates the pattern of exchange rate pass-through to import and consumer prices in Nigeria between 1986Q1 and 2007Q4 based on vector error correction model. It was recognized ...
29
Government spending in education and economic growth in Cameroon:a Vector error Correction Model approach
... a vector error correction model ...estimated error correction model shows that an increase of 1% of the growth rate of private gross fixed capital formation and government ...
13
Determinants of Ethiopian Trade Balance: Vector Error Correction Model (VECM) Approach
... co-integrating vector. The equation of this model incorporates a corrective mechanism by which previous disequilibrium in the relationship between the ratio (E/M) and one or more determinants are permitted ...
10
Business cycle transmission between the USA and Indonesia: A vector error correction model
... There are several mechanisms that can account for short-run business cycle transmission. International trade is probably the major vehicle, and it forms a direct channel through which income and price shocks may be ...
17
Monetary Policy Instrument and Inflation in South Africa: Structural Vector Error Correction Model Approach
... Since the adoption of inflation rate targeting policy, there has been a great concern on the effectiveness of monetary policy to curb inflation in South Africa. The effectiveness of the repo rate as a policy instrument ...
14
The Impact Of Dividend Payments On Shareholders Wealth: Evidence From The Vector Error Correction Model
... The results from the vector error correction estimates confirm the previous results obtained. The results suggest that there is a long-run relationship between the dividend per share and the market ...
16
EXPLORING THE EFFECT OF HEALTH ON ECONOMIC GROWTH IN NIGERIA: A VECTOR ERROR CORRECTION MODEL APPROACH
... the model satisfied the stability condition while the granger causality result depicts a uni-directional relationship between health indicators and economic growth in ...
20
Demographic changes and economic development: Application of the vector error correction model (VECM) to the case of Ethiopia
... Prediction Error (FPE) for determining the optimal ...in error terms, and stationarity of the co-integrating equation) assisted for discriminating between/among the qualifying ...
30
Defence Expenditure And Economic Growth In Nigeria: A Vector- Error Correction Model (VECM) Approach
... This paper investigates the relationship between defence expenditure and economic growth proxy by gross domestic product (GDP). In addition to these variables, a number of macroeconomic variables, which include exchange ...
11
What Explains The Equity Risk Premium In ASEAN Countries?
... panel vector error correction model (VECM) through the latest version of ...the error correction term results suggest deviation of INF is a relevant factor but not the errors of ...
16
International Capital Mobility and Saving Investment Nexus in Nigeria: Revisiting Feldstein Horioka Hypothesis
... (MF) model, perfect capital mobility means that fiscal policy is most effective under a floating exchange rate while monetary policy is most effective under fixed exchange ...the vector error ...
25
Agricultural Trade and Economic Growth in East African Community
... Since some series were found to contain unit root in levels, test of cointegration was carried out. This was aimed at investigating whether there was more than a single cointegration relationship between real exports and ...
19
Download Download PDF
... The Vector Error Correction Model (VECM) was used to estimate the long-run equation and also measure the correction from disequilibrium of preceding ...
9
Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis
... a Vector Error Correction Model (VECM) model to facilitate the discrimination of the short run and long run impact of foreign aid on economic ...
9
Does Domestic Investment Contribute to Economic Growth in Uruguay? What did the Empirical Facts Say?
... For all these reasons, it is brought to us that domestic investments are among the best needful settlements for saving and reducing most of these disasters of this country. For this purpose, we attempt to treat the ...
17